Company News: Lowe's (LOW) quarterly earnings beat analysts’ estimate

Market news

20 November 2019

Company News: Lowe's (LOW) quarterly earnings beat analysts’ estimate

Lowe's (LOW) reported Q3 FY 2019 earnings of $1.41 per share (versus $1.04 in Q3 FY 2018), beating analysts’ consensus estimate of $1.35.

The company’s quarterly revenues amounted to $17.388 bln (-0.2% y/y), missing analysts’ consensus estimate of $17.687 bln.

The company also raised FY 2019 EPS guidance to 5.63-5.70, up from its prior guidance of $5.45-5.65, vs. analysts’ consensus estimate of $5.67 and reaffirmed FY 2019 revenues guidance at ~72-74 bln (+2% yr/yr) vs. analysts’ consensus estimate of $72.53 bln.

LOW rose to $117.46 (+3.58%) in pre-market trading.

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